PPP Loan information for Montrose ford-lincoln-mercury, inc.

$552,500

Montrose ford-lincoln-mercury, inc. was initially approved for PPP Loan of amount $552,500, the current approved amount is $552,500. The loan was approved on 04/05/2020 by The Timberline Bank reported 39 jobs and $552,500 was used to fund payroll.

Montrose ford-lincoln-mercury, inc. is Existing or more than 2 years old

PPP Loan Search / CO / MONTROSE / Montrose ford-lincoln-mercury, inc.

MONTROSE FORD-LINCOLN-MERCURY, INC.

Date Approved

04/05/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

MONTROSE FORD-LINCOLN-MERCURY, INC.

Borrower Address

100 MERCHANT DR

Borrower City

MONTROSE

Borrower State

CO

Borrower Zip

81401-3017

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

552500.00

Current Approval Amount

552500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

426411

Servicing Lender Name

Timberline Bank

Servicing Lender Address

649 Market Street

Servicing Lender City

GRAND JUNCTION

Servicing Lender State

CO

Servicing Lender Zip

81505

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MONTROSE

Project County Name

MONTROSE

Project State

CO

Project Zip

81401-3017

CD

CO-03

Jobs Reported

39

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

69062.50

Payroll Proceed

414375.00

Mortgage Interest Proceed

0.00

Rent Proceed

69062.50

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

426411

Originating Lender

Timberline Bank

Originating Lender City

GRAND JUNCTION

Originating Lender State

CO

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

557840.83

Forgiveness Date

03/30/2021

;